Hogsett vows ‘discernible progress’ on tackling urban blight
Mayor Joe Hogsett pledged to use federal Hardest Hit Funds, which the city announced with great fanfare in September 2014, to demolish about 336 properties by the end of 2017.
Economic Development
Articles
Business groups see ‘home run’ with Trump’s lower corporate tax
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
City to consider forcing sale of parcels for new east-side library
Negotiations with property owners to buy a few parcels of land in the Martindale-Brightwood neighborhood appears to have stalled. City-County Council members this week will discuss exercising eminent domain.
Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
Mobi Wireless considers 500-employee expansion at Zionsville HQ
Mobi Wireless Management LLC, which sells cloud-based software that helps companies manage mobile devices, currently has about 310 employees at 6100 W. 96th St. in Northwest Tech Park.
County council terminates tax-break deal for EnerDel
The once-heralded battery maker with big plans ceased operations in Hancock County last year and doesn’t plan to resurrect them.
County council to decide fate of EnerDel tax break
Hancock County officials are set to terminate a tax incentive agreement with EnerDel Inc., the once-heralded battery maker with big plans that since has vacated its facility in the county.
Canadian bakery makes Brownsburg its U.S. headquarters
Weston Foods is investing $1.6 million to renovate its 20,000-square-foot production facility in Brownsburg for its subsidiary Maplehurst Bakeries LLC. It plans to add 15 jobs.
Software firm plans 272-job expansion under new name
Indianapolis-based software firm TinderBox Inc. has changed its name and is planning a downtown expansion that could create up to 272 jobs by the end of 2021, it announced Monday morning.
Manufacturer plans $97M expansion, 150 jobs in Shelbyville
Ryobi Die Casting USA said it plans to grow its operations with the acquisition of a 350,000-square-foot building. The company already has 860 employees in Shelbyville.
Walker Information plans to build $11M HQ, add 30 jobs
The family-owned consulting firm, which uses analytics to help clients retain and add customers, is teaming with PK Partners to build a 54,000-square-foot headquarters near Keystone at the Crossing.
SteadyServ relocating headquarters from Carmel to Fishers
The beer management software firm said it would be relocating its offices to the new Four Day Ray Brewing facility on the corner of Lantern Road and North Street. It intends to double its local employment to more than 80 over the next two years.
Toyota parts supplier adding 160 jobs in expansion
Toyota Boshoku Indiana LLC has launched a $10.6 million expansion of its plant in Princeton.
Pair of software firms plan to add a combined 160 jobs
The legal-technology startup PactSafe plans to create 91 jobs by 2020, and the software developer WDD Software plans to create 69 jobs by 2021.
Noblesville’s development strategy emphasizes local company expansions
The city’s investment in the retention and expansion of more mature, existing businesses has been paying off.
Indiana offers support to U.K.-based companies amid Brexit concerns
Indiana commerce officials are showing support for companies based in the United Kingdom as they face financial and political uncertainty after Brexit—the country’s vote to leave the European Union.
Local technology firms plan expansions, 77 new jobs
Two local technology firms are making plans to expand their operations in Indianapolis, adding a total of up to 77 employees over the next four to five years, the companies announced Wednesday morning.
Ex-GM site attracting ‘intense’ interest
The entity marketing the former General Motors stamping plant site is putting the property back on the market after plans for an outdoor concert venue on about half the 102 acres fell through.
Sallie Mae lands $2.4M in tax incentives for local expansion
As IBJ first reported Thursday morning, Newark, Delaware-based Sallie Mae plans to spend $15.7 million on the new office at 8425 Woodfield Crossing in northeast Indianapolis and add 278 workers to its existing staff.
Sallie Mae planning hundreds of jobs at new Indy office
Student loan provider Sallie Mae Bank is expected to announce plans Thursday morning to spend nearly $16 million on a collections office and call center that will hire up to 278 people before the end of 2023.